ENA Sectors 2026-02-24 17:03:12 <p><span style="font-size:14px"><strong>New Delhi, Feb 24 (KNN)</strong> The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi has approved enhanced delegation of powers to Power Grid Corporation of India Ltd (POWERGRID) under existing guidelines for Maharatna Central Public Sector Enterprises (CPSEs).</span></p> <p><span style="font-size:14px">The decision raises the permissible equity investment limit per subsidiary from Rs 5,000 crore to Rs 7,500 crore, while retaining the overall cap of 15 per cent of the companys net worth, in line with Department of Public Enterprises guidelines dated 4 February 2010.</span></p> <p><span style="font-size:14px">The enhanced delegation is expected to strengthen POWERGRIDs capacity to invest in its core transmission business and support evacuation of renewable energy, contributing to Indias target of achieving 500 GW of installed capacity from non-fossil fuel sources.</span></p> <p><span style="font-size:14px">With the revised limit, POWERGRID will be better positioned to participate in capital-intensive transmission projects, including Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) networks. </span></p> <p><span style="font-size:14px">The move is also intended to widen competition in Tariff-Based Competitive Bidding (TBCB) for major transmission projects.</span></p> <p><span style="font-size:14px">Officials stated that increased participation in competitive bidding is likely to improve price discovery and facilitate the delivery of affordable and clean electricity to consumers, while strengthening the countrys transmission infrastructure.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 45266 https://knnindia.co.in/news/newsdetails/sectors/govt-raises-equity-investment-limit-for-power-grid-subsidiary-to-rs-7500-crore 2026-02-24 17:03:12 knnindia.co.in